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    Ukraine's Naftogaz Fears Nord Stream 2 Will Negatively Europe Gas Pricing

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    The Nord Stream 2 gas pipeline project's implementation will have an adverse effect on gas pricing, Ukraine's Naftogaz CEO Andriy Kobolyev said Thursday.

    MOSCOW (Sputnik) — The Implementation of the Nord Stream 2 gas pipeline project will have an adverse effect on gas pricing in Central and Eastern Europe, Ukraine's Naftogaz CEO Andriy Kobolyev said Thursday.

    "We are trying to show to our European counterparts that it will not only negatively affect us, it will also create very negative effect on the whole Central and Eastern Europe in terms of gas prices," Kobolyev told the BBC in an interview.

    He also expressed fears that Russia could manipulate gas prices after an alternative gas transit route, which bypasses Ukraine, became operational.

    The Nord Stream 2 project aims to deliver 55 billion cubic meters of Russian natural gas per year to the European Union across the Baltic Sea to Germany, bypassing Ukraine and Slovakia. The gas pipeline project plans to use the original Nord Stream pipeline for 86-percent of the route before branching off.

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    project, gas pipeline, Nord Stream 2, Naftogaz, Ukraine
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